Dr. Thomas Sowell's "'Trickle Down Theory' and 'Tax Cuts for the Rich'" has just been published by the Hoover Institution. Having read this short paper, the conclusion you must reach is that the term "trickle down theory" is simply a tool of charlatans and political hustlers.
Sowell states that "no such theory has been found in even the most voluminous and learned histories of economic theories." That's from a scholar who has published extensively in the history of economic thought. Several years ago, Sowell, in his syndicated column, challenged anyone to name an economist from any economic school of thought who had actually advocated a "trickle down" theory. To date, no one has quoted any economist who ever advocated such a theory. Trickle down is a nonexistent theory. Those who use it simply argue against a caricature rather than confront an argument actually made.
Despite having failed to stop let alone reverse the rising of the seas, Barack Obama has made Newsweek’s newest ten best presidents list, which gives readers a top ten of the chief executives since 1900. Newsweek, whose list unsurprisingly is dominated by liberal Democrats, gave this justification for selecting Obama in a caption in a photo slide:
Picking a sitting president in a tally of the best is tricky – history hasn’t had time to put things in a more sober context. But the historic election of America’s first black president cannot be ignored. That a man whose ancestors included a slave could become the leader of a nation founded to some extent in slavery is as much an achievement for the country as it is a marker for Obama himself. Whether Obama stays or goes, his standing, as a fundamentally groundbreaking president will remain.
Almost four years ago, ABC’s Barbara Walters came out with her memoir Audition, using as its selling point a tale of her tawdry 1970s affair with married black Sen. Edward Brooke (R-Mass.). Seldom has a TV personality been a more shameless public hypocrite than Walters was on Friday with former Kennedy mistress Mimi Alford during an interview on “The View.”
Walters battered Alford four times with the notion she was greedy, with four different outbursts like “She’ll make a lot of money!” (That one came in the introduction.) Walters asked Alford why she would hurt Caroline Kennedy and her family, and then assaulted her with the reverse idea, that she could have “saved” Monica Lewinsky from ridicule if she’d talked earlier. But mostly, she insisted the book "did not have to be written" and "You could have let it go!" [See video below. MP3 audio here.]
"F*** you!" is how MSNBC's Chris Matthews reportedly objected to the notion that he used the services of a ghostwriter for his new book, "Jack Kennedy: Elusive Hero."
In a November 2 blog post, Forbes.com's Jeff Bercovici detailed the Hardball host's testy reaction to the suggestion that just as Matthews's boyhood hero heavily relied on Ted Sorensen, Matthews had a professional scribe assist him on his latest project (emphasis mine):
It was said of Al Smith, a Roman Catholic, that if he won the 1928 presidential election he would take orders from the Vatican and not uphold the Constitution.
John F. Kennedy famously confronted that anti-Catholic prejudice in a 1960 speech to the Greater Houston Ministerial Association. Kennedy said in part, "I believe in an America where the separation of church and state is absolute; where no Catholic prelate would tell the president -- should he be Catholic -- how to act, and no Protestant minister would tell his parishioners for whom to vote..."
CNN correspondent Jim Acosta hyped the forthcoming inaugural address of President-elect Barack Obama during a report on Tuesday’s American Morning: “...Barack Obama’s inaugural address may be more than the speech of his lifetime. Historians and speechwriters say it could be one for the ages, if he can rise to the occasion.” He reenforced this sentiment with clips from a former Clinton-Gore speechwriter who predicted that it’s “a pretty good certainty that you’ll have schoolchildren reading this speech hundreds of years from now” and a professor who claimed that “it’s almost impossible for Obama to fail.”
Co-host John Roberts introduced Acosta’s report, which started 25 minutes into the 6 am Eastern hour of the CNN program, by focusing on the “great anticipation about the inaugural address” and how many “expect it to stand with some of the greatest ever presidential inaugural speeches.” Acosta began with his “speech of his lifetime...one for the ages” line,” and played a clip from Obama’s 2004 speech at the Democratic convention. He echoed Roberts’s earlier lines by stating how “the stage is being set for an address that’s destined for the history books.”
You might think media bias is a new thing, but a 40 year confession of a newspaper reporter gives us a peek behind the curtain as to how horribly biased newspapers have been for nearly a half century. Martin Dyckman, a former reporter for the leftist St. Petersburg Times, reminisces about the day he read over the wire that John F. Kennedy had been killed in Dallas.
The St. Petersburg Times newsroom was in controlled pandemonium. I don’t recall whether I handled any assassination copy that day; more likely, I was editing state and local news. But I was standing at the teletype when the first flash came in that a suspected Marxist, Lee Harvey Oswald, was being held in connection with the shooting. Times Publisher Nelson Poynter was standing nearby when I announced that.
His face fell.
"Oh, no," he said. "I was hoping it would be a right-winger."
That's right. He wasn't angry that a student of oppression tried to destroy this nation. He was disappointed that the President of the United States wasn't killed by a conservative, stealing an opportunity to fuel conservative hate.